Mexican Readies HY Sale

Feb 21, 2013

Mexico’s Tenedora Nemak is out with 5.75%-area initial price talk for what is expected to be a 2023 NC5 bond sale, according to people following the process, with pricing as soon as today. A $300m size is expected, according to ratings agencies, for an international debut that will offer another test of the appetite for Mexican high-yield credits. The Ba2/BB...